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New Buy Rating for Xiaomi (XIACF), the Technology Giant

Tipranks - Tipranks - Sat Feb 7, 3:46PM CST

In a report released today, Eunice Lee from Bernstein maintained a Buy rating on Xiaomi, with a price target of HK$57.00.

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Lee covers the Consumer Cyclical sector, focusing on stocks such as BYD Co, Nio, and Guangzhou Automobile Group Co. According to TipRanks, Lee has an average return of 7.4% and a 46.38% success rate on recommended stocks.

Currently, the analyst consensus on Xiaomi is a Strong Buy with an average price target of HK$53.60.

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Based on Xiaomi’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$115.96 billion and a net profit of HK$11.9 billion. In comparison, last year the company earned a revenue of HK$88.89 billion and had a net profit of HK$5.1 billion

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